The LNG sector has not been without its drama in 2017, with Hurricane Harvey, the Qatari diplomatic crisis and Australia’s decision to regulate LNG exports keeping the market on its toes despite significant export capacity expansions.
(Fri, 01 Sep 2017) Hurricane Harvey, which first made landfall on August 25, 2017, has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation's petroleum infrastructure. On August 28, the U.S. average retail gasoline price was $2.40 per gallon (gal), the second-lowest price on the Monday before Labor Day since 2004.
(Thu, 31 Aug 2017) Changes in demand trends have significantly reduced the patterns of seasonality in U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. However, over the past three decades, its use as a heating fuel has decreased, distallate fuel exports have increased, and its non-seasonal use as a transportation fuel has become the major demand component.
(Thu, 31 Aug 2017) The U.S. Energy Information Administration (EIA) released the following new and revised data as well as data updated with hydrocarbon gas liquids (HGL) product categories on August 31, 2017.
PSM tables for June 2017 and PSA tables for 2016 in portable document format (PDF) and comma-separated-value (CSV) files are currently unavailable. Tables in PDF and CSV formats currently posted on the EIA web site contain PSM data for May 2017 and PSA data from 2015. Updated tables in PDF and CVS formats will be released at a later date.
The launch of increasingly long-range North Korea missiles this year indicate Pyongyang’s willingness to test US and Japanese red lines. Ross McCracken elaborates.
Steelmakers in the port town of Visakhapatnam on the south eastern coast of India are postponing expansions as they wait for work to begin on publicly-funded infrastructure projects.
(Wed, 30 Aug 2017) Mexicoâs Energy Regulatory Commission (CRE) released their first monthly price report on August 18, 2017. As part of its ongoing series of energy reforms that reduce government market controls, the Mexican government converted to a liberalized natural gas market on July 1, 2017.
(Tue, 29 Aug 2017) Natural gas processing capacity in the Appalachian region has grown dramatically over the past several years as producers try to keep pace with increasing natural gas production in the region. Natural gas processing plays a key role in the natural gas supply chain.
A generation of dockless bikes has promised to make riding more convenient but raises concerns in New York and elsewhere.
The Louisiana Offshore Oil Port is marketing a revised specification for oil stored in one of its eight underground caverns. John-Laurent Tronche has the latest.
